1015 Lee LnNew AlbanyMS38652
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in New Albany at 1015 Lee Ln, New Albany, MS, 38652 generates $1,937/mo in rent and, after a $1,540/mo payment, leaves $11/mo in cash flow. Total monthly income is $1,937/mo, and annual cash flow is $138/yr on $104,323 invested. Return on cash invested sits at 20.04% in year one, and rental yield is 7.39% on a $314,700 entry. Equity gained on principal adds $2,031/yr, while 5% annual appreciation builds toward $86,946 over five years. Five-year ROI reaches 103.49% and total cumulative return in cash sums $107,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,937/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A